Nifty as expected broke through 5950 and is heading towards 5800 again, but we may say small technical rally at 5840 levels we have always seen recently. The recent slide has filled the gap we have seen on last Thurday. After long time we have seen net selling of FII though it is neglable, it could be a cue.
For intraday wait for a chance to go long we see support at 5840 levels, for a 20 - 30 point sby keepinga SL of 20 point below, but for the short term players it is still a shorting market. Banking still looking weak and it is very weak and is heading down further to 9500 levels in short term.
For intraday wait for a chance to go long we see support at 5840 levels, for a 20 - 30 point sby keepinga SL of 20 point below, but for the short term players it is still a shorting market. Banking still looking weak and it is very weak and is heading down further to 9500 levels in short term.
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